The Compare the Financial Markets group is for sale

Includes the brand, our impeccable reputation (since 2010), and the family of domains.
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INVESTMENT RELEASE – TESSERACT INTERACTIVE SERVICE PHASE 3
MAXIMUM INVESTMENT £50K
IMMEDIATE INCOME TAX DEDUCTION FOR 2012-13 OF £25,000


Please read the risk warnings and important information below in order to continue.

Risk warnings and important information
None of the content above should be considered to constitute investment advice. Individuals’ objectives and circumstances vary and as such appropriate investments for one may not be appropriate investments for all.
Past Performance is a poor indicator and certainly no guarantee of future performance.
Investments can fall as well as rise, and may fall considerably.
The value of investments is not guaranteed and you may not receive back the full amount invested.
The tax treatment of investments such as these, including the initial tax relief available, are dependent on the investment vehicle successfully maintaining qualifying status throughout its life.
Many tax advantaged investments are high risk investments and we strongly recommend investors do not consider investing on the basis of this information alone or investing without obtaining financial advice from an appropriate source.
Investments in small companies are speculative and the promise of higher potential returns comes with a commensurately higher risk of capital losses.
*Definition of a failed investment is the loss of 50% or more of the original investment.
All statements concerning the tax treatment of products and their benefits are based on our understanding of current tax law and HM Revenue and Customs’ practice. Levels and bases of tax relief are subject to change.

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Compare Offshore Savings Accounts 5 Tips

 

Compare Offshore Savings Accounts 5 Tips

Offshore savings accounts can be appealing for both UK-based investors and British people living and working abroad. To choose the right account for you it’s important to compare offshore savings accounts thoroughly. Here are a few things you need to consider:

·      The minimum deposit is generally at least £5,000, which is higher than standard savings accounts. This is only natural, since banks take more risks when maintaining such accounts. Be wary of any offers that come with a low deposit – something is not right.

·      Good offshore savings accounts support multiple currencies, almost always including, besides the Pound Sterling, the Dollar and the Euro. Other currencies are sometimes available also, like the Swiss franc. Some investors try to use the fluctuations in the values of the currencies to make some extra profits. You may want to do the same.

·      Unlimited access to your account is a must-have feature. This is especially useful for British people working abroad and who travel through time zones. When you compare offshore savings accounts avoid those that restrict your access to your money.

·      The interest rates offered by offshore savings accounts are no longer much higher than those of onshore equivalents. Offshore accounts still have an advantage over onshore equivalents – tax benefits.

·      With offshore savings accounts interest is paid gross, without any income tax being subtracted. The interest will have to be declared in the UK as income, but the deferral will normally bring you significant profits. You will earn interest on the gross.

Offshore savings accounts are not fully covered – sometimes not at all – by UK financial institutions, meaning that if the bank collapses, you are likely going to lose at least some part of your investment.

It’s crucial to compare offshore savings accounts to determine the safest option for you. Ask our experts at Compare The Financial Markets to find the best rates.

Compare the Best Offshore Savings Accounts.

As in all things, when comparing offshore savings accounts, advice should be sought from experts.

Choosing the best offshore account can be difficult, so careful consideration is crucial. Your questions on the best offshore savings accounts will be answered by our industry experts, free of charge. 

To help you through the multitude of choices, enter your details below and let the Compare The Financial Markets experts find the best offshore savings account for you. 



OFFSHORE ACCOUNTS

Enter your details and let our experts find the best possible deal for you


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